Aptos ecological DEX Econia lays the foundation for the next wave of DeFi innovation
The industry’s exploration of centralized liquidity in DeFi has never stopped. Builders have been working on DEX since its inception, constantly finding new ways to maximize its efficiency. However, most innovative solutions ultimately expose users to MEV or impermanent loss risks.
A solution called Econia came into being and created its own protocol that allows all users to trade digital assets with others at any price through an efficient order book with thousands of TPS. Econia aims to aggregate liquidity from around the world into a single digital market and reduce potential risks faced by users.
basic introduction
Econia is an on-chain order book designed for high-performance atomic settlement and aims to provide a seamless and efficient trading experience by leveraging Aptos’ Optimistic Concurrency to provide permissionless market access. Econia is committed to building a core backend system for DeFi with the goal of bringing together liquidity from around the world into a single digital market.
Unlike AMMs, this order book provides a trading experience similar to traditional CEX (users can conduct permissionless transactions through self-hosted wallets). Econia combines the strengths of CEXs (efficient price discovery and minimal slippage) with those of DEXs (decentralization, permissionless and user-managed assets).
Econia’s matching engine is atomic, meaning it completes all the steps required to settle a market order in a single trade. For example, when a user decides to buy or sell a digital asset at the best price offered by the market,
Econia will match its orders with limit orders (sell or buy) from other market participants, update positions on the order book, and pass assets between trading parties, all in a single trade .
What makes Econia special
Econia serves as an on-chain order book that aggregates liquidity from different sources and allows users to easily access liquidity pools through various interfaces. Any market maker wishing to make markets in this ecosystem can do so seamlessly without the control of a centralized entity.
Econia supports a series of trading products such as spot and perpetual contracts. As an open source project, developers can also easily develop and extend their own products based on Econia, such as margin trading, integrated NFT, Flatcoin, etc.
Highly flexible scalability
Econia provides a feature-rich API suite that allows any developer to build their own projects on top of it. Its infrastructure is configurable, scalable, and completely permissionless, providing native support for the increasingly sophisticated Aptos DeFi ecosystem at the base layer.
Econia’s mission is to be the cornerstone of the next wave of DeFi innovation – creating a comprehensive settlement platform for all digital assets.
Summarize
After more than a year of development and iteration, the open-source Econia protocol has undergone three independent audits by Ottersec, Zellic, and Halborn and is now live on mainnet, where DApp integrators can now begin connecting to Econia’s matching engine and infrastructure.
DeFi developers will also have access to client libraries, SDKs, and Data Service Stacks that Econia Labs is building to simplify integration. All in all, Econia Labs is actively building tools and infrastructure and working tirelessly to become the order book of choice for DeFi.
